M&P Location: what changed
M&P Location
Largest movements
- Receivables within one year +€161,857
up €161,857 (+116%), from €139,779 to €301,636
of which Trade receivables: +€169,385
- Cash -€126,602
down €126,602 (-85.8%), from €147,499 to €20,896
mainly Investment in fixed assets (net) (-€287,520) and Receivables within one year (-€161,857)
- Tangible fixed assets +€78,471
up €78,471 (+17.5%), from €449,122 to €527,593
of which Furniture and vehicles: +€46,018
- Trade debts +€97,570
up €97,570 (+95.3%), from €102,368 to €199,938
- Debts after one year -€49,090
down €49,090 (-11.2%), from €436,632 to €387,542
of which Financial debts: -€64,848
- Profit (loss) carried forward +€47,766
up €47,766 (+55.5%), from €86,028 to €133,794
- Tax, wage and social debts +€15,062
up €15,062 (+66.1%), from €22,771 to €37,833
of which Taxes: +€10,184
- Gross operating margin +€111,392
up €111,392 (+32.7%), from €340,992 to €452,384
- Depreciation +€48,426
up €48,426 (+30.2%), from €160,438 to €208,864
- Staff costs +€47,349
up €47,349 (+42.3%), from €111,920 to €159,269
- Other operating charges -€30,752
down €30,752 (-93.7%), from €32,823 to €2,071
- Write-downs +€26,224
up €26,224 (+93.1%), from -€28,164 to -€1,940
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €741,260 | €854,508 | +€113,248 | +15.3% |
| Fixed assets | 21/28 | €453,247 | €531,903 | +€78,656 | +17.4% |
| Tangible fixed assets | 22/27 | €449,122 | €527,593 | +€78,471 | +17.5% |
| Plant, machinery and equipment | 23 | €20,379 | €60,539 | +€40,160 | +197% |
| Furniture and vehicles | 24 | €372,547 | €418,565 | +€46,018 | +12.4% |
| Other tangible fixed assets | 26 | €56,197 | €48,489 | -€7,708 | -13.7% |
| Financial fixed assets | 28 | €4,125 | €4,310 | +€185 | +4.5% |
| Current assets | 29/58 | €288,013 | €322,605 | +€34,592 | +12.0% |
| Amounts receivable within one year | 40/41 | €139,779 | €301,636 | +€161,857 | +116% |
| Trade receivables | 40 | €130,641 | €300,026 | +€169,385 | +130% |
| Other amounts receivable | 41 | €9,138 | €1,610 | -€7,528 | -82.4% |
| Cash at bank and in hand | 54/58 | €147,499 | €20,896 | -€126,602 | -85.8% |
| Deferred charges and accrued income | 490/1 | €735 | €73 | -€662 | -90.1% |
| Total equity and liabilities | 10/49 | €741,260 | €854,508 | +€113,248 | +15.3% |
| Equity | 10/15 | €93,758 | €141,524 | +€47,766 | +50.9% |
| Contributions | 10/11 | €6,380 | €6,380 | = | 0.0% |
| Reserves | 13 | €1,350 | €1,350 | = | 0.0% |
| Distributable reserves | 133 | €1,350 | €1,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,028 | €133,794 | +€47,766 | +55.5% |
| Amounts payable | 17/49 | €647,502 | €712,984 | +€65,482 | +10.1% |
| Amounts payable after more than one year | 17 | €436,632 | €387,542 | -€49,090 | -11.2% |
| Financial debts | 170/4 | €214,062 | €149,214 | -€64,848 | -30.3% |
| Other amounts payable | 178/9 | €222,570 | €238,328 | +€15,758 | +7.1% |
| Amounts payable within one year | 42/48 | €206,767 | €325,119 | +€118,352 | +57.2% |
| Current portion of amounts payable after more than one year | 42 | €81,629 | €87,316 | +€5,687 | +7.0% |
| Trade debts | 44 | €102,368 | €199,938 | +€97,570 | +95.3% |
| Suppliers | 440/4 | €102,368 | €199,938 | +€97,570 | +95.3% |
| Taxes, remuneration and social security | 45 | €22,771 | €37,833 | +€15,062 | +66.1% |
| Taxes | 450/3 | €8,043 | €18,227 | +€10,184 | +127% |
| Remuneration and social security | 454/9 | €14,728 | €19,606 | +€4,878 | +33.1% |
| Other amounts payable | 47/48 | - | €32 | +€32 | |
| Accrued charges and deferred income | 492/3 | €4,103 | €323 | -€3,779 | -92.1% |
| Remuneration, social security and pensions | 62 | €111,920 | €159,269 | +€47,349 | +42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,438 | €208,864 | +€48,426 | +30.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€28,164 | -€1,940 | +€26,224 | +93.1% |
| Other operating charges | 640/8 | €32,823 | €2,071 | -€30,752 | -93.7% |
| Gross operating margin | 9900 | €340,992 | €452,384 | +€111,392 | +32.7% |
| Operating profit (loss) | 9901 | €63,975 | €84,120 | +€20,146 | +31.5% |
| Financial income | 75/76B | €8,410 | €1,784 | -€6,627 | -78.8% |
| Recurring financial income | 75 | €8,410 | €1,784 | -€6,627 | -78.8% |
| Financial charges | 65/66B | €21,153 | €20,081 | -€1,072 | -5.1% |
| Recurring financial charges | 65 | €21,153 | €20,081 | -€1,072 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €51,232 | €65,823 | +€14,591 | +28.5% |
| Income taxes | 67/77 | €13,607 | €18,057 | +€4,450 | +32.7% |
| Profit (loss) for the period | 9904 | €37,625 | €47,766 | +€10,141 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,625 | €47,766 | +€10,141 | +27.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.